32542
ZIPSAFMR
Okaloosa County, FL
BRFMR
Eff. Rent
0 BR$1,850$1,140
1 BR$2,140$1,230
2 BR$2,420$1,840
3 BR$3,320$2,060
4 BR$4,040$2,850
5 BR$4,646
6 BR$5,343
7 BR$6,144
8 BR$7,066

Purchase Price Calculator

Maximum purchase price
$211,507

Cost breakdown

+Likely effective rent$1,840
HUD FMR$2,420
Market rentUsed$1,840
Est. payment standard (90%)$2,180
Market rent is below the inferred standard ($2,180, 90% of FMR).
-Principal and interest-$1,069
Loan amount$169,205
Down payment$42,301
Rate6.50%
Term30 years
-Operating costs-$571
Property taxes-$212
Insurance-$175
Utilities$0
HOA$0
Management-$184
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$29,525(69.8% ROI)
Projected value
$227,770
Current value$211,507
Return breakdown
Property appreciation+$16,263
Loan principal paid down+$6,062
Rental cash flow+$7,200
5-year hold
+$50,604(119.6% ROI)
Projected value
$239,300
Current value$211,507
Return breakdown
Property appreciation+$27,794
Loan principal paid down+$10,811
Rental cash flow+$12,000
10-year hold
+$108,999(257.7% ROI)
Projected value
$270,747
Current value$211,507
Return breakdown
Property appreciation+$59,240
Loan principal paid down+$25,760
Rental cash flow+$24,000

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Market Alignment

FMR / market rent by bedroom; grey wings show the 90-110% payment-standard spread.

Studio
Studio
1.62ratio
FMR$1,850
Market$1,140
vs market+$710

FMR is above market; underwrite to market rent.

1.62
1 BR
1 BR
1.74ratio
FMR$2,140
Market$1,230
vs market+$910

FMR is above market; underwrite to market rent.

1.74
2 BR
2 BR
1.32ratio
FMR$2,420
Market$1,840
vs market+$580

FMR is above market; underwrite to market rent.

90% standard$2,178 / 1.18 ratio110% standard$2,662 / 1.45 ratio
1.32
3 BR
3 BR
1.61ratio
FMR$3,320
Market$2,060
vs market+$1,260

FMR is above market; underwrite to market rent.

1.61
4 BR
4 BR
1.42ratio
FMR$4,040
Market$2,850
vs market+$1,190

FMR is above market; underwrite to market rent.

90% standard$3,636 / 1.28 ratio110% standard$4,444 / 1.56 ratio
1.42
0.700.800.901.001.101.201.30aligned range

HUD benchmarks exceed market rents across all bedroom sizes.

Historical
FY 2022-2026

Data freshness

FMR
FY2026
Market rent
last ~365 days
About this result(HUD FMR/SAFMR details)

This page shows HUD Fair Market Rent data for 32542 (FL) for FY 2026. Fair Market Rent (FMR) is a HUD benchmark used to determine payment standards for programs like the Housing Choice Voucher (Section 8) program.

Values are shown for 0–4 bedroom units. In some metro areas HUD publishes Small Area FMR (SAFMR) at the ZIP-code level; otherwise the county/metropolitan-area FMR applies. This result is labeled SAFMR based on HUD's designation for the area and the available data.

Tip: use these numbers as a starting point and confirm local program rules (payment standards may differ from HUD's published FMR). If you're comparing neighborhoods, SAFMR ZIP ranges can highlight variation within the same county.

32542 fair market rent and Section 8 rent limits

The FY 2026 HUD Small Area Fair Market Rent (SAFMR) page for 32542 shows monthly rent limits by bedroom size for Housing Choice Voucher and Section 8 comparisons. The 2 bedroom fair market rent is $2,420 and the 4 bedroom fair market rent is $4,040.

Use this page for searches like 32542 FMR, 32542 fair market rent, and 32542 Section 8 payment standards. Local housing authorities can set payment standards above or below published HUD FMR, so confirm program rules before underwriting a property.

FY 2026 Fair Market Rent by bedroom size for 32542
Bedroom sizeHUD FMR
Studio$1,850
1 bedroom$2,140
2 bedroom$2,420
3 bedroom$3,320
4 bedroom$4,040